NFJ Investment Group LLC Purchases Shares of 1,483,605 Ford Motor Company $F

Key Points

• NFJ Investment Group acquired 1,483,605 Ford shares in the second quarter, worth approximately $20.6 million. Institutional investors collectively own 58.74% of Ford’s outstanding stock.
• Analysts remain cautious, with Ford holding a consensus “Hold” rating and an average price target of $15.68; recent target prices range from $14 to $20.
• Ford exceeded quarterly earnings expectations, reporting $0.42 EPS versus $0.33 forecast and $48.3 billion in revenue, while maintaining a quarterly dividend of $0.15 per share, implying a 4.3% annualized yield.

NFJ Investment Group LLC purchased a new position in Ford Motor Company (NYSE:F - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,483,605 shares of the auto manufacturer's stock, valued at approximately $20,622,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer's stock worth $6,188,776,000 after buying an additional 4,087,699 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Ford Motor in the second quarter valued at about $4,649,131,000. Charles Schwab Investment Management Inc. lifted its position in shares of Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer's stock valued at $1,994,464,000 after acquiring an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer's stock worth $1,394,697,000 after acquiring an additional 1,255,349 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Ford Motor in the second quarter worth about $717,218,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on F shares. Bank of America lifted their target price on Ford Motor from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Wall Street Zen lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. TD Cowen lifted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a research report on Wednesday, July 29th. DZ Bank upgraded shares of Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price objective on the stock in a research report on Friday, July 31st. Finally, Barclays boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Ford Motor has a consensus rating of "Hold" and a consensus price target of $15.68.

Ford Motor Price Performance

NYSE:F opened at $13.97 on Friday. The business's 50-day moving average is $14.13 and its 200 day moving average is $13.50. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The company has a market capitalization of $55.71 billion, a P/E ratio of -7.47, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the business posted $0.37 EPS. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor's dividend payout ratio (DPR) is -32.09%.

About Ford Motor

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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